TRANSCRIPT: Fed Powell’s Post-FOMC News Conference Offers No Surprises … Again
WASHINGTON (MaceNews) – The transcript of Federal Reserve Chair Jerome Powell’s post-FOMC meeting news conference Wednesday follows:
FOMC Policy Statement, Dot Plot Hardly Altered in Latest Meeting
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday not only offered no surprises, it hardly changed its policy statement language and “dot plot” expectations from the previous meeting, preserving the hope for perhaps three rate cuts this year but repeating there is still a nagging lack of confidence in the path of inflation. The […]
White House and Other Schedules for Wednesday, March 20
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MARCH 20, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the […]
Update: BOJ Conducts Its 1st Rate Hike Since 2007, Ends Yield Curve Control as Officials See Faster Wage Hikes This Year
–Update adds comments from BOJ Governor Ueda–BOJ Stops Targeting 10-Year JGB Yield After Capping it Around 1% But Continues Buying JGBs in 8-to-1 Vote By Max Sato (MaceNews) – The Bank of Japan said Tuesday its nine-member board decided in a majority vote to end its seven-year-old yield curve control framework and lift the overnight […]
BOJ Conducts Its 1st Rate Hike Since 2007, Ends Yield Curve Control in Light of Clear Signs of Faster Wake Hikes This Year
–Overnight Rate Target Raised to A Range of 0% to 0.1% from -0.1% in 7-to-2 Vote–BOJ Stops Targeting 10-Year JGB Yield After Capping it Around 1% But Continues Buying JGBs in 8-to-1 Vote By Max Sato (MaceNews) – The Bank of Japan said Tuesday its nine-member board decided in a majority vote to end its […]
White House and Other Schedules for Tuesday, March 19
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, MARCH 19, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
White House and Other Schedules for Monday, March 18
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, MARCH 18, 2024 The President and the First Lady will host a Women’s History Month reception at the White […]
Japan January Core Machine Orders Dip M/M on Weak Manufacturing Demand, Prompting Downgrade in Cabinet Office View
–January Weakness Partly Due to Suspended Vehicle Output Amid Safety Test Scandal–Core Orders Mark 11th Straight Y/Y Drop Despite Solid Capex Plans–Cabinet Office: Machine Orders Have Weakened Vs. Pausing By Max Sato (MaceNews) – Japanese core machinery orders, the key leading indicator of business investment in equipment, fell 1.7% on the month in January, hit […]
Preview update: Bank of Japan Likely to End Yield Curve Control, Raise Rates Next Week as First Estimate from Union Group Points to High Pace of Wage Hikes
By Max Sato (MaceNews) – The Bank of Japan’s nine-member board is expected to decide in a majority vote at its March 18-19 meeting to end its seven-year-old yield curve control framework and lift the minus 0.1% short-term rate target to a range of zero to 0.1%, which would be the bank’s first rate increase […]
White House and Other Schedules for Friday, March 15
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, MARCH 15, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]